Suppose that the parents of a young child decide to make annual deposits into a savings...

Question

Question

business economics

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

0+リ10 h, Hh UA adt i+4) 3) 91ン &t 83 59 2

Add a comment

Answer 2

Similar Homework Help Questions

Suppose that the parents of a young child decide to make annual deposits into a savings...

Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday, the withdrawals as shown will be made. If the effective annual interest rate is 4% this period of time, what are the annual deposits (A) in years 5 through 15? Please round your answer to...
Suppose that the parents of a young child decide to make account, with the first deposit...

Suppose that the parents of a young child decide to make account, with the first deposit being made on the child's fifth being made on the 15th birthday. Then, starting on the c annual deposits into a saving hild's 18th birthday (EOY), four withdrawals will be made. The sequence of the amounts o f withdrawals is $2000, $2400, $2800, and $3200. If the effecti ve annual interest rate is8% during this period, what are the annual deposits in years 5...
Score: 0 of 1 pt | 4 of 7 (5 complete) HW Score: 66.67%, & Problem...

Score: 0 of 1 pt | 4 of 7 (5 complete) HW Score: 66.67%, & Problem 4-81 (algorithmic) Question H Suppose that the parents of a young child decide to make annual deposits into a savings account, with the first deposit being made on the child's fifth birthday and the last deposit being made on the 15th birthday. Then, starting on the child's 18th birthday, the withdrawals as shown on the diagram below will be made. If the effective annual...

On the day his baby is born, a father decides to establish a savings account for...

On the day his baby is born, a father decides to establish a savings account for the child’s college education. Any money that is put into the account will earn an interest rate of 9% compounded annually. The father will make a series of annual deposits in equal amounts on each of his child´s birthdays from the 1st through the 18th so that the child can make four annual withdrawals from the account in the amount of $35,000 on each...
Proud parents wish to establish a college savings fund for their newly born child. Monthly deposits...

Proud parents wish to establish a college savings fund for their newly born child. Monthly deposits will be made into an investment account that provides an annual rate of return of 4.5% compounded monthly. Four withdrawals from the savings fund will be made to help pay for college expenses. The estimated need is $28,000 when the child turns 18 years old, $30,000 at 19 years, $34,000 at 20 years, and $38,000 at age 21. The last monthly payment to the...
6,7 pls 6. A person deposits $1,000 in an account each year for five years beginning...

6,7 pls 6. A person deposits $1,000 in an account each year for five years beginning at the end of year 1). At the end of the fifth year (immediately after the deposit), one half of the account balance is withdrawn. $2,000 is deposited annually for five more years (starting at the end of year 6), and the total balance is withdrawn at the end of the 15th year. There are no additional deposits made in years 11 - 15....

1 Due Date: October 31, 2019 PGE 411 Homewok-3 3. It is desired to make an...

1 Due Date: October 31, 2019 PGE 411 Homewok-3 3. It is desired to make an initial lump sum investment that will provide for a withdrawal of $500 at the end of year 1, $600 at the end of year 2, and amounts increasing $100 per year to a final $2400 at the end of year 20. How great an initial investment will be required if it earns 12% compounded annually? 4. It is desired to invest a lump sum...
Suppose you make 15 equal annual deposits of $1,000 each into a bank account paying 14%...

Suppose you make 15 equal annual deposits of $1,000 each into a bank account paying 14% interest per year. The first deposit will be made 1 year from today. How much money can be withdrawn from this bank account immediately after the 15th deposit? uppose you make SS equal are ual deposts of St O00 each rto a bank accoum paying 'S ianat per year Th. first depastne made one yea tum todey te moi soney (an be we aam...
please show the work Susan made 5 uniform annual deposits of $5000 in a savings account...

please show the work Susan made 5 uniform annual deposits of $5000 in a savings account that earned an interest rate of 15% per year. Her last deposit was made 3 years ago. What is the future value of her savings 15 years from now, if she leaves the account untouched? Round your answer to the nearest whole number. Do not use commas in your answer. $

Brief Exercise A-4 Bates Company issued $1,700,000, 15-year bonds. It agreed to make annual deposits of...

Brief Exercise A-4 Bates Company issued $1,700,000, 15-year bonds. It agreed to make annual deposits of $79,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 15 years. The deposits are made at the end of each year into an account paying 5% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table...

Suppose that the parents of a young child decide to make annual deposits into a savings...

Homework Answers